Found this article interesting. My wife and I serve on the boards of directors of several organizations and donate to each of them, as well as other causes. I’ve never calculated the percentage of our annual income that we donate, but I’ve wondered how it would compare to what wealthier people donate. I do know the amount we donate is enough that we itemize our deductions on our annual income tax return.
I’m also wondering about the effects of the recent big changes to the tax laws. How will the nonprofit organizations I support fare? Will the “rich” with their reduced income taxes choose to donate more to charities than they did before?